Atlas Lithium Corp. (ATLX:NASDAQ) subject of an an update about a week ago on April 30, is worth bringing to your attention again this morning.
There is big news out of the company that Atlas Lithium's Modular Processing Plant Enters the Final Fabrication and Trial Assembly Stage.
The first few paragraphs of this news release make clear that the company is making rapid and substantial progress with this — in layman's terms, "they are not messing around."
Here are several photos of the lithium processing plant from the news release.
Now we will briefly review Atlas Lithium's latest stock chart, on which we see that the pattern that has formed since mid-February approximates a Head-and-Shoulders bottom.
With the price having reacted back to a support level and volume easing back to a relatively low level, the Accumulation line holding up well on the reaction, and momentum (MACD) now trending higher, everything is in place for the stock to advance anew. It is now starting higher again and it is thought that this morning's news out of the company could give it a boost.
We, therefore, stay long, and Atlas Lithium is rated a Strong Buy for all timeframes.
Atlas Lithium's website.
Atlas Lithium Corp. (ATLX:NASDAQ) closed at $14.67 on May 6, 2024.
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- Atlas Lithium Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
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The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be only be construed as a recommendation or solicitation to buy and sell securities.
